studied. You will learn that fewness of firms in a market results in mutual interdependence. The fear of price wars is verified with the help of the kinked demand curve. Collusive forms and non-collusive forms of market are analyzed. The economic effect of the oligopoly form of market is presented. OLIGOPOLY CHARACTERISTICS The oligopoly form of market is characterized by - a few large dominant firms‚ with many small ones‚ - a product either standardized or differentiated‚ - power of dominant firms
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(b) Assess how monetary policy can be used to maintain a target of low inflation and currency stability in emerging markets? According to Jahan (2012)‚ monetary policy is the manner where the monetary authority uses to control the supply of the currency. The monetary policy objective of controlling the interest rate also takes an important role when government and monetary authority are dealing with the inflation (Shen‚ 2013‚ pp.199). The monetary authority usually is central bank with a certain
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policy supports this broad objective by focusing its efforts to promote price stability. Embedded in this objective is the belief that persistent inflation would compromise the long term economic prospects of the country. The objective of monetary policy in Pakistan‚ as laid down in the SBP Act of 1956‚ is to achieve the targets of inflation and growth set annually by the government. In pursuit of this mandate‚ SBP formulates the country’s monetary policy that is consistent with these announced
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The Effects of Monetary Policy on the Economy Central banks are the national authorities responsible for providing currency and implementing monetary policy. Monetary policy is a set of actions through which the monetary authority determines the conditions under which it supplies the money that circulates in the economy. Monetary policy therefore has an effect on short-term interest rates. Setting monetary policy goals has been a defining issue for economists and public opinion since the consolidation
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Causes and Effects of Economic Growth” Economic Growth is where goods and services maximise in value over a period of time. This is measured by Real Gross Domestic Product (GDP) which is defined as “The total market value of all final goods and services produced in a country….equal to the total consumer‚ investment‚ and government spending‚ plus the value of exports minus the value of imports.”(www.Investorwords.com) In turn this is measured by the level of aggregate demand in the economy using the
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Introduction Fiscal Policy affects The Coca-Cola Company as it does many other businesses. The four components of Fiscal Policy are employment‚ growth‚ business cycle and inflation. The following discusses the different aspects of Fiscal Policy as related to The Coca-Cola Company. Employment One of the Coca-Cola Company’s strongest strengths lies in its ability to conduct business on a global scale while maintaining a local approach‚ one of the most intelligent strategies thought up by the
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is the largest increasing factor in our world. This factor is the cause of many events in our world. Poverty hunger and war are just some of the immediate effects of increasing population. Among these extreme causes the less immediate events will be seen with air pollution‚ land degradation‚ which is the effect that’ll have the longest term effect on the world. But how can these events are avoided? Is there any hope of stopping this from occurring any further? The largest‚ most identified reason for
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Economic growth The effect of corruption on economic growth has been extensively researched in the last two decades. While not denying that corruption may have played a positive role at particular times in specific countries‚ it leads to lower growth‚ hampering both private and productive government spending in investments and inhibiting the efficiency of public services. Corruption can also affect the growth rate through distortions in tax collection‚ the level of public expenditure and the composition
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Economic Survey of Pakistan 2002-03 An online publication by Chapter 1. Growth and Investment 1. Growth and Investment The outgoing fiscal year 2002-03 has region are expected to be the star performers with witnessed a sharp recovery in economic growth growth exceeding 6.0 percent. With the exception accompanied by equally impressive performance of Thailand‚ the other ASEAN countries are of agriculture and large-scale manufacturing. projected to grow by less than
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Online Journal of Communication and Media Technologies Volume: 2 – Issue: 3 – July - 2012 The Role of Humor in the Construction of Satire in Nigerian Political Cartoons Sani‚ I.‚ Abdullah‚ M.H.‚ Ali‚ A.M. and Abdullah‚ F.S Department of English‚ Faculty of Modern Languages and Communications‚ University Putra Malaysia‚ Serdang‚ Malaysia Abstract The communicative functions of humor and its visual power have made political cartoons an interesting research field
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